Political Quotes

On the recordMay 13, 2004
What this debate is all about is the financial balance sheet of our country. As I said in my opening statement, this bill is just a symptom of a far greater problem. I really, honestly do not believe the people of this country realize when bills like this are passed, unpaid for, all of those green lights that go up there are in effect putting a $218 billion, in this case, mortgage, another mortgage on our country in all of their names; because these Members who are going to vote for it are not going to pay it, and I think that is wrong. But it goes beyond that. It is now a national security matter, as I discussed earlier. When one realizes that 70 percent of the deficit, $370 billion deficit last year, was financed by foreign interests, they are gaining leverage every day on this country. My grandfather told me one time, he said, John, it is easier to foreclose a man's house than it is to shoot your way in the front door. Now, you think about that. China is not always going to see the world the same as we do. Neither are the Japanese. Neither are any of these other countries around the world, because they have their own interests that they must see to. And when we are depending on foreign interests to finance record deficits, we are acting irresponsibly when it comes to the national security of this country. I firmly believe that.
Said by
John Tanner
Tennessee

Editor's note · Context

Addressing the financial implications and national security concerns of the national deficit.

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